Scotia Global Asset Management announces final valuation and declares final distribution on units of the Scotia Strategic ETF Portfolios

TORONTO, May 20, 2021 /CNW/ – Scotia Global Asset Management («Scotia GAM») today announced the final net asset values for…

TORONTO, May 20, 2021 /CNW/ – Scotia Global Asset Management («Scotia GAM») today announced the final net asset values for the four Scotia Strategic ETF Portfolios (the «ETFs»).

On March 1, 2021, Scotia GAM announced the termination of the ETFs. The ETFs were terminated effective May 19, 2021 (the «Termination Date») and were delisted from the Toronto Stock Exchange («TSX») following market close on May 14, 2021.

Unitholders of record on the Termination Date will receive final payments from the liquidation of the assets of the ETFs, net of all liabilities and expenses, on May 21, 2021, without any further action required by those unitholders. The proceeds will consist of the final cash distribution, if any, payable to unitholders immediately prior to the termination of the ETFs and the final proceeds on the redemption of units held by unitholders.

The final distribution and proceeds per unit of each ETF are as follows:

Name of ETF

Ticker

Final

distribution

per unit

($CAD)

Final

proceeds

per unit

($CAD)

Total

NAV

per unit

($CAD)

Scotia Strategic Canadian Equity ETF Portfolio

SCAD

0.780000

22.176402

22.956402

Scotia Strategic Fixed Income ETF Portfolio

SFIX

0.103000

20.689280

20.792280

Scotia Strategic International Equity ETF Portfolio

SINT

0.000000

19.079081

19.079081

Scotia Strategic U.S. Equity ETF Portfolio

SUSA

0.000000

26.417320

26.417320

Commissions, trailing commissions, management fees and expenses all may be associated with investments in the ETFs. Please read the prospectus before investing. Investments in the ETFs are not guaranteed; their values change frequently and past performance may not be repeated.

About Scotia Global Asset Management 

Scotia Global Asset Management is a business name used by 1832 Asset Management L.P., a limited partnership, the general partner of which is wholly owned by Scotiabank. Scotia Global Asset Management offers a range of wealth management solutions, including mutual funds, and investment solutions for private clients, institutional clients and managed asset programs.

About Scotiabank

Scotiabank is a leading bank in the Americas. Guided by our purpose: «for every future», we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of approximately 90,000 employees and assets of approximately $1.2 trillion (as at January 31, 2021), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews.

SOURCE Scotiabank